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Payments unicorn EBANX has purchased remittances company Remessa Online in a deal valued at $229m.
FinTech companies in the region raised $9.7bn so far in 2021 boosted by huge funding rounds in Brazil
Buy-now-pay-later boom contributes to growth as companies in the area raise four out of the ten largest deals in H1
Funding in H1 2021 already surpassed last year’s total by $4.7bn, fueled by sizeable deals over $50m
To become a successful payments FinTech in Latin America, it heavily relies on the ability to support local transaction options, according to Simon Davies, the managing director of EBANX in the United Kingdom.